Synergy Forward Limited t/a Ultralets is committed to complying with all applicable Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) legislation, including the Money Laundering Regulations 2017 and the Terrorism Act 2000. This policy outlines our procedures for preventing and detecting money laundering activities.

This policy applies to all customers, including but not limited to:

• Customers making purchases in any currency (including cryptocurrencies)

• Users registering for accounts

• Users engaging in any financial transactions

• Money laundering: The process of making illegally obtained funds appear legitimate.

• Terrorist financing: Providing or collecting funds to support terrorist activities.

• Know Your Customer (KYC): The process of verifying the identity and background of customers.

• Customer Due Diligence (CDD): The process of gathering and analysing information about customers to assess their money laundering and terrorist financing risks.

• Suspicious Activity Report (SAR): A report filed with authorities about suspected money laundering or terrorist financing activity.

We conduct CDD on all users based on the Money Laundering Regulations 2017 and the Financial Conduct Authority's (FCA) guidance. This may include:

• Identity verification: Verifying your name, address, date of birth, and other relevant information using government-issued documents or other reliable methods.

• Enhanced due diligence: Conducting additional CDD for high-risk customers or transactions based on certain factors, such as:

• Transactions exceeding £15,000 in cash equivalent.

• Transactions involving politically exposed persons (PEPs) or high-risk countries.

• Transactions with unusual patterns or characteristics.

• Transactions that are inconsistent with the customer's known profile.

We monitor transactions for suspicious activity that may indicate money laundering or terrorist financing, in accordance with the Treasury's Red Flag Indicators. This may include:

• Transactions exceeding certain thresholds.

• Transactions involving high-risk countries or customers.

• Transactions with unusual patterns or characteristics.

• Transactions that are inconsistent with the customer's known profile.

If we suspect money laundering or terrorist financing activity, we will file a Suspicious Activity Report (SAR) with the UK Financial Intelligence Unit (FIU). We will also take appropriate steps to protect ourselves and our users from the risks associated with such activity.

We collect and store user data in accordance with the General Data Protection Regulation (GDPR) and the Data Protection Act 2018. We will only share user data with authorities as required by law. Find out more in our privacy policy.

We train our employees on AML and CFT risks and procedures in accordance with the FCA's guidance. We also raise awareness among our users about the importance of preventing money laundering and terrorist financing.

We will review and update this policy regularly to ensure it remains compliant with applicable legislation and best practices.

If you have any questions about this policy, please contact us at hello@ultralets.co.uk